Qube Research & Technologies Ltd lowered its position in Constellation Brands, Inc. (NYSE:STZ) by 86.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,235 shares of the company’s stock after selling 8,080 shares during the period. Qube Research & Technologies Ltd’s holdings in Constellation Brands were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in Constellation Brands in the second quarter valued at about $1,221,000. Advisory Services Network LLC lifted its position in Constellation Brands by 17.9% in the first quarter. Advisory Services Network LLC now owns 9,705 shares of the company’s stock valued at $1,702,000 after purchasing an additional 1,470 shares during the period. B. Riley Wealth Management Inc. acquired a new stake in Constellation Brands in the first quarter valued at about $796,000. Sound View Wealth Advisors LLC lifted its position in Constellation Brands by 10.7% in the first quarter. Sound View Wealth Advisors LLC now owns 1,732 shares of the company’s stock valued at $304,000 after purchasing an additional 168 shares during the period. Finally, Huntington National Bank lifted its position in shares of Constellation Brands by 3.4% during the 2nd quarter. Huntington National Bank now owns 264,088 shares of the company’s stock valued at $52,010,000 after acquiring an additional 8,682 shares during the period. Hedge funds and other institutional investors own 70.61% of the company’s stock.

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A number of equities research analysts have recently issued reports on STZ shares. Citigroup set a $210.00 price target on shares of Constellation Brands and gave the company a “hold” rating in a research report on Monday, July 1st. Evercore ISI set a $220.00 price target on shares of Constellation Brands and gave the company a “buy” rating in a research report on Friday, August 9th. Bank of America set a $221.00 price target on shares of Constellation Brands and gave the company a “buy” rating in a research report on Monday, July 1st. UBS Group lifted their price target on shares of Constellation Brands from $195.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, July 2nd. Finally, SunTrust Banks lifted their price target on shares of Constellation Brands from $180.00 to $190.00 and gave the company a “hold” rating in a research report on Monday, July 1st. Ten equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $223.73.

Shares of STZ traded up $1.59 during mid-day trading on Wednesday, reaching $204.07. 110,979 shares of the company’s stock were exchanged, compared to its average volume of 970,548. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 0.94. The company has a 50-day simple moving average of $197.78 and a two-hundred day simple moving average of $188.76. Constellation Brands, Inc. has a 52-week low of $150.37 and a 52-week high of $228.91. The company has a market cap of $38.08 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.98 and a beta of 0.71.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, June 28th. The company reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.15. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Constellation Brands had a net margin of 27.38% and a return on equity of 14.98%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $2.20 EPS. As a group, equities research analysts predict that Constellation Brands, Inc. will post 8.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be paid a $0.75 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.00 annualized dividend and a yield of 1.47%. Constellation Brands’s payout ratio is currently 32.33%.

In other Constellation Brands news, Director Jeremy S. G. Fowden sold 10,213 shares of Constellation Brands stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $197.35, for a total value of $2,015,535.55. Following the completion of the sale, the director now directly owns 27,630 shares of the company’s stock, valued at approximately $5,452,780.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO James A. Jr. Sabia sold 4,275 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $194.70, for a total transaction of $832,342.50. Following the completion of the sale, the chief marketing officer now directly owns 43,494 shares of the company’s stock, valued at $8,468,281.80. The disclosure for this sale can be found here. 15.86% of the stock is currently owned by insiders.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.